In tonight's story, we told you how Jim McConville convinced dozens of Bay Area investors to let him use their identities and credit scores to buy condos across the state, then left them on the hook for millions of dollars. But why did he do it?
We think we've discovered one of the main reasons -- McConville couldn't qualify to get the loans himself, because of a $1.2 million state tax lien he picked up back in the early '90s. Just last month, the Franchise Tax Board sent McConville a tax lien notice, with instructions on how he can pay off the $1,283,443.80 he owes in state taxes from 1991, 1992 and 1993.
McConville picked up another black mark on his record a few years later. In 1998, he was convicted of felony grand theft, after he reportedly pocketed the insurance money from a fire at his Richmond hotel, instead of turning it over to the banks he owed money to. He served 51 days in the county jail, and got five years probation. The court also ordered him to pay $262,000 in restitution, which Alameda County District Attorney Tom Orloff tells us McConville has paid back in full.
In 2006, the grand theft charge got knocked down to a misdemeanor, and last year the charges were dismissed after McConville petitioned the court, saying he'd met all the terms of his probation.
If you invested money with Jim McConville, or let him use your identity and credit history to buy real estate, we'd like to hear your story. Shoot us an email at iteam@kgo-tv.com, or call our tip line at 1-888-40-ITEAM.
Oh, the "Houses of Horror" reference? If you saw tonight's report, you know that McConville bankrolled a slasher film set to be released this fall. The investors who lost money to McConville can't help but wonder if their cash went to "Red Velvet".


Great job!We would like to do do a follow up interview! We have more information and investors that want to come forward! This is not only about Jim McConville and his daughter! Take care!
Posted by: Charlene Lujan | July 07, 2009 at 08:50 PM
Please provide to me the information about the most famous haunted
houses of United Kingdom country and I also want to know that what
type of experiences people observe in the above mentioned most famous
haunted houses of United Kingdom country ??
Posted by: buy viagra | April 13, 2010 at 02:50 PM
yes he used my credit......and i got screwed over. i dont know what to do......
Posted by: black | June 25, 2010 at 09:53 PM